Walmart International CEO Judith McKenna to retire; Kathryn McLay named successor

Walmart Inc.

Judith McKenna retires effective Jan 31, 2024; transitional role starting Sep 11, 2023.
Kathryn McLay appointed EVP, President and CEO of Walmart International effective Sep 11, 2023; previously CEO of Sam's Club.
Christopher Nicholas appointed EVP, President and CEO of Sam's Club effective Sep 11, 2023; previously COO of Walmart U.S.
McKenna receives $2.3M over two years plus accelerated vesting of 6,143 restricted shares; forfeits other unvested equity.
McLay's target annual equity award value ~$10M; Nicholas's ~$7M; both have non-compete agreements.

item 5.02

Executive movements

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Appointed

Kathryn McLay

Executive Vice President, President and Chief Executive Officer, Walmart International

WMT · Walmart Inc.

Effective: 2023-09-11
Filed: August 16, 2023, 7:59 PM ET

On August 14, 2023, Kathryn McLay, age 49, was appointed Executive Vice President, President and Chief Executive Officer, Walmart International, effective September 11, 2023.

Departed

Judith McKenna

Executive Vice President, President and Chief Executive Officer, Walmart International

WMT · Walmart Inc.

Effective: 2024-01-31
Successor: Kathryn McLay
Filed: August 16, 2023, 7:59 PM ET

On August 14, 2023, Judith McKenna, age 57, the Company’s Executive Vice President, President and Chief Executive Officer, Walmart International, notified Walmart Inc. (the “Company”) of her intent to retire from the Company, effective as of the close of business January 31, 2024 (the “Retirement Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kathryn McLay was appointed as Executive Vice President, President and Chief Executive Officer, Walmart International at Walmart Inc..

Action: appointed
Role: Executive Vice President, President and Chief Executive Officer, Walmart International

Exact text from the filing

On August 14, 2023, Kathryn McLay, age 49, was appointed Executive Vice President, President and Chief Executive Officer, Walmart International, effective September 11, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Judith McKenna departed as Executive Vice President, President and Chief Executive Officer, Walmart International at Walmart Inc..

Action: notified of intent to retire
Role: Executive Vice President, President and Chief Executive Officer, Walmart International

Exact text from the filing

On August 14, 2023, Judith McKenna, age 57, the Company’s Executive Vice President, President and Chief Executive Officer, Walmart International, notified Walmart Inc. (the “Company”) of her intent to retire from the Company, effective as of the close of business January 31, 2024 (the “Retirement Date”).

View on SEC.gov

Walmart Inc. filing history →

Source: SEC EDGAR

accession 0000104169-23-000082

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